Punch TV Stuns the Industry with its Phenomenal Growth of 2,500% In a Year
Press Release: IC Places, Inc. – Tue, Nov 20, 2012 5:48 PM EST
Symbol Price Change
PNCH 0.0022 -0.00
LOS ANGELES, Nov. 20, 2012 /PRNewswire/ -- It was only 13 months ago that Punch/IC Places OTCQB: ICPA became an official part of the world of television broadcasting. Providing 24 hour 7 days a week, entertainment, Punch TV immediately distinguished itself thru its extraordinary programming strategy although an infant network, Punch TV like the giants in the television industry, entered the market with 70% original programming. But, Punch TV also defines its position in the market in another way. Recognizing the shifted demography in the country, Punch TV targeted the new Urban American-Latinos, African Americans, Asians, Caucasians, and others who share a preference for edgy, non-mainstream programming.
But, within a matter of less than 13 months, Punch TV has achieved another unusual accomplishment. In October 20, 2011 Punch TV was assessable in 2 million households. As of December 2012 Punch TV will be available to 59 million households. This represents a 2,500% growth rate in slightly over more than 1 year.
Through more than 34 affiliates, as well as a contract for direct to homes broadcasting, Punch TV has now acquired affiliates in major markets. These include...
Affiliates to begin broadcasting December 2012:
* TV Homes
ATLANTA , GA
LAS VEGAS, NEVADA
LOS ANGELES, CA
HIGH DESERT LA, CA
OKLAHOMA CITY, OK
SAN ANTONIO, TEXAS
SAN JUAN, PR
SAINT LOUIS, MO
Current on air Punch Affiliates:
* TV Homes
PALM BEACH, FLORIDA
33 / Cable
SALT LAKE CITY, UTAH
EL PASO, TEXAS
NEW YORK, NY
Direct to Home
Total TV Homes: 59,902,174
*Based on Nielsen - "Local Television Market Universe Estimates Comparisons of 2011-12 and 2012-13 Market Ranks"
** Includes Suburbs
"This milestone is a critical step in the growth of the Punch TV side of our business," said Steven Samblis, CEO of IC Places, Inc. "The tremendous effort it took to reach this milestone shows our commitment to increase revenues by tapping into National Advertisers."
About IC Places:
IC Places is a transmedia entertainment complex that produces entertainment content for distribution across multiple mediums. The company trades on the OTCQB: Symbol ICPA. ( www.icplaces.com )
On August 11th 2012, IC Places purchased Punch TV Network. Punch TV Network has a roster of original programming which includes 50 new dramas, comedies, variety shows, talk shows, children's shows, and inspirational entertainment.
Through multiple long term partnerships, clips and full episodes of the company's shows are available to people outside the traditional set top box. This exposure serves as both a profit center and marketing component promoting the TV Network, its line up and the company's new media specific programming across multiple platforms.
IC Places Safe Harbor Statement
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements are based on the current plans and expectations of management and are subject to a number of uncertainties and risks that could significantly affect the company's current plans and expectations, as well as future results of operations and financial condition. (A more extensive listing of risks and factors that may affect the company's business prospects and cause actual results to differ materially from those described in the forward-looking statements can be found in the reports and other documents filed by the company with the Securities and Exchange Commission.) The company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
IC Places, Inc.